Birmingham Capital Management Co. Inc. AL Has $3.30 Million Stake in Apple Inc. (NASDAQ:AAPL)

Birmingham Capital Management Co. Inc. AL lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,852 shares of the iPhone maker’s stock after selling 320 shares during the period. Apple makes up 1.4% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 28th biggest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Apple were worth $3,298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Perspectives Financial Planning LLC bought a new stake in Apple in the 4th quarter valued at $27,000. Lountzis Asset Management LLC raised its position in Apple by 300.0% in the third quarter. Lountzis Asset Management LLC now owns 284 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 213 shares in the last quarter. Fure Financial Corp acquired a new position in Apple in the third quarter worth about $37,000. Ruggie Capital Group acquired a new stake in Apple during the third quarter valued at approximately $41,000. Finally, Pacific Financial Group Inc. bought a new stake in shares of Apple in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 57.77% of the company’s stock.

Shares of NASDAQ AAPL opened at $126.00 on Tuesday. The business has a fifty day moving average price of $133.27 and a two-hundred day moving average price of $122.58. The stock has a market capitalization of $2.12 trillion, a PE ratio of 38.65, a P/E/G ratio of 2.75 and a beta of 1.28. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. Apple Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $145.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 26th. The iPhone maker reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.27. The business had revenue of $111.40 billion during the quarter, compared to the consensus estimate of $103.24 billion. Apple had a return on equity of 75.15% and a net margin of 20.91%. Apple’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. On average, equities analysts expect that Apple Inc. will post 4.03 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 11th. Stockholders of record on Monday, February 8th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Friday, February 5th. Apple’s payout ratio is presently 25.00%.

Several analysts recently commented on AAPL shares. DA Davidson boosted their price target on Apple from $133.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, January 28th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $75.00 target price on shares of Apple in a report on Thursday, November 19th. Cascend Securities boosted their price target on shares of Apple from $140.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, January 26th. Evercore ISI raised their price objective on shares of Apple from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, January 25th. Finally, UBS Group set a $115.00 target price on Apple and gave the stock a “neutral” rating in a report on Thursday, January 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $133.61.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

Further Reading: Dow Jones Industrial Average (DJIA)

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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